What is PayPie Coin (PPP) – Short Beginners Guide

Introduction

PayPie brings ultimate trust and transparency to the financial markets by introducing the world’s first credit risk assessment based on blockchain accounting.

PayPie will build a layer connecting blockchain to the existing workflows of an accounting software. For eg. The proposed idea will integrate blockchain with existing accounting softwares like Quickbooks.

It is ERC20 token and compatible with the MyEtherWallet. PayPie wants to solve the problems of fraud and inaccuracies that can arise in closed accounting systems by analyzing and controlling the financial statements live on the blockchain.

Ultimately, this should make it easier to determine the risks involved in granting loans.

The company promises to introduce the most accurate risk assessment algorithm ever created.

The PayPie Coin in Numbers – Status 30.12.2017

The company’s market capital is US$ 139 million with a daily trading volume of US$ 328k.

There are currently 82,500,000 PayPie Coin in circulation, which, according to the company, will be sold on the first day.

The total number of shares is limited to 165,000,000 coins of which 27,500,000 are reserved for the team members and consultants.

The remainder is to be held back for one year and then offered to interested companies. Mining is not foreseen.

Who is behind the company?

PayPie belongs to the parent company SlickPie. This is a cloud-based accounting solution for small businesses founded in 2015 in Canada.

SlickPie’s accounting software helps the user record, track, and reconcile revenue and expenses, as well as write invoices via an online dashboard.

The PayPie team has been carefully selected and includes a comprehensive set of experts with decades of experience in the fintech industry.

Some of the members have worked for companies such as Microsoft, Ethereum, GE, the American Blockchain Council, SlickPie, Citrix, Forbes, Bosch, SAP, Oracle, IBM, Deloitte, Barclays and the Bank of America.

The company’s CEO and co-founder is Nick Chandi, who is also co-founder of SlickPie.

How does PayPie Coin work?

Although many companies are already active in the cloud, there is still no easy and trustworthy way for lenders to access financial data to provide them with the liquidity they need.

Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet (if it is supported) – our recommendation is just go and buy Ledger Nano S or Trezor Wallet or KeepKey, those are the safest options.

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